Tuesday 16 October 2012

Nifty's Way Ahead - Digging out the Possibilities in Short term

Since last few days... Nifty is in cosolidation zone and not moving in either of the direction. It difficult to analyse in this consolidation period. But trying to find out the possibilities of the Nifty move ahead in the shorter term and possible targets......


Possiblity 1 - Wave B as an Triangle and Break down today .....



Possiblity 2 - Zigzag Wave Formation from Top 5833 as in ABC.



Possiblity 3 - Head & Shoulder Breakout



Possiblity 4 - Bullish View - Expanding Leading Diagnal


 

3 comments:

  1. Hi, This is Krish.Venkatesh from Niftyforall. I found Your Comment on my Blog with your Blog Link. I have not posed Your comment, as I have the policy of not allowing other links in my Blog. Please don't Mistake me. Your Blogs also very nice and good work. Thanks for Your good comments - Regards. Krish.Venkatesh

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  2. * Except Auto & Metal (advanced marginally), negative trend was witnessed amongst all sectoral indices during the day, where Pharma & PSU Bank indices emerged as top losers with decrease of 2.1% & 1.6% respectively. capitalstars

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